James Wolfensohn

ARTICLES ABOUT JAMES WOLFENSOHN BY DATE - PAGE 2

NEW DELHI: World Bank president James Wolfensohn has said the government should be given enough time to complete the things it has promised in the CMP. In the past few elections, the people had changed the incumbent government, he said. "My concern is, therefore, on implementation. The country faces daunting challenges and I just hope the government gets enough time," he said. Mr Wolfensohn said he had no differences with the UPA government on the need to ensure sustainable supply of power and water, especially to the poor people.

WASHINGTON: World Bank president James Wolfensohn has said that outsourcing was a natural consequence of the free market and suggested safety nets be put in place to protect those who lose their jobs. "My belief is that historically, a free market is the most effective market, and certainly in my working lifetime there have been waves of this sending jobs to Singapore and some other countries that are now Asian Tigers", Wolfensohn said. "In today's world, economics would drive the jobs unless the conduct of business is stopped.

WASHINGTON: World Bank president James Wolfensohn has said that outsourcing was a natural consequence of the free market and suggested safety nets be put in place to protect those who lose their jobs. "My belief is that historically, a free market is the most effective market, and certainly in my working lifetime there have been waves of this sending jobs to Singapore and some other countries that are now Asian Tigers", Wolfensohn said. "In today's world, economics would drive the jobs unless the conduct of business is stopped.

World financial leaders, under pressure to battle poverty far more effectively after September 11, announced a major effort to educate more poor children on Sunday as they concluded weekend discussions on the global economy. They failed, however, to settle a contentious dispute between the United States and Europe over a World Bank loan programme for the world's poorest countries. At a closing news conference, World Bank president James Wolfensohn sought to play down the failure, saying that there was a real commitment among all countries to keep the programme "strong and growing" under new guidelines emphasising country accountability.